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WTI Crude Oil, Elliot Wave Analysis
3/27/2023 10:13 AMA fall is possible.
On the daily chart, the first wave of the higher level (1) formed, and a downward correction develops as the second wave (2), within which the wave А of (2) formed, and the wave B of (2) ended. Now, the wave C of (2) is developing, within which the wave i of C has formed, and a local correction is forming as the wave ii of C. If the assumption is correct, the price of the asset will fall to the area of 58.00–52.10. In this scenario, critical stop loss level is 80.66.
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